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EU Approves Kodak Purchase of Creo

Photonics.comMay 2005
Eastman Kodak Co. announced it has received approval from the European Union to complete its proposed acquisition of Creo Inc. Kodak announced on Jan. 31 that it had entered into a definitive agreement to acquire Creo, a supplier of prepress systems used by commercial printers. (Also see Photonics.com, "Kodak to Acquire Creo")

Based in Vancouver, Canada, Creo makes workflow software used by printers to manage the transfer of text, graphics and images from the computer screen to the printing press. Creo's shareholders approved the transaction on March 29. The EU's action follows approvals from regulatory authorities in Canada and Israel. Kodak said it continues to work with the authorities of the US and South Africa to secure regulatory approval, and that it expects to complete the acquisition later this summer.